CNXN
PC Connection, Inc.
CNXN's outlook is improving, though it still trails on the overall score.
MSFT
Microsoft Corporation
MSFT has the edge over CNXN overall, supported by stronger valuation and stronger fundamentals.
CNXN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Strong |
CNXN's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
CNXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $58.21 | -30% |
| Forward | 17x | $83.16 | — |
| Fair | 19x | $76.99 | -7.4% |
| Current | 21x | $83.16 | — |
| Expensive | 22x | $87.28 | +5% |
Historical ranges are pointers, not guarantees.
CNXN's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 17x next year's earnings, in its cheap range.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over CNXN in the historical PE scenario, which offers more potential upside but is not a forecast.
CNXN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
CNXN has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
CNXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.76 | +18% |
| Q3 2026 | $4.05 | +25% |
| Q2 2026 | $3.78 | +15% |
| Q1 2026 | $3.44 | +4.2% |
| Q4 2025 | $3.27 | -0.6% |
| Q3 2025 | $3.23 | -5% |
| Q2 2025 | $3.28 | -2.1% |
| Q1 2025 | $3.30 | +6.1% |
| Q4 2024 | $3.29 | +4.4% |
CNXN earned $4.05 per share over the past year, up 25% from the year before.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over CNXN on earnings, with more consistent year-over-year improvement.
CNXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $874.3M | +23% |
| Q2 2026 | $854M | +12% |
| Q1 2026 | $721.9M | +3% |
| Q4 2025 | $702.9M | -0.8% |
| Q3 2025 | $709.1M | -2.2% |
| Q2 2025 | $759.7M | +3.2% |
| Q1 2025 | $701M | +11% |
| Q4 2024 | $708.9M | +1.8% |
CNXN's revenue has picked up after two years of holding roughly level: $874M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +0.4 points |
| Q2 2026 | 5% | +1 points |
| Q1 2026 | 2.8% | +0.7 points |
| Q4 2025 | 3.4% | +0.2 points |
| Q3 2025 | 4.3% | +0.1 points |
| Q2 2025 | 4.1% | -0.1 points |
| Q1 2025 | 2.1% | -0.1 points |
| Q4 2024 | 3.2% | -0.8 points |
CNXN's operating margin was 4.7% last quarter, about level with the same quarter a year ago, near the top of its range since 2019.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over CNXN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over CNXN on profitability, with a higher operating margin.
CNXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.6M | -88% |
| Q2 2026 | -$65.7M | -367% |
| Q1 2026 | $12.3M | +$66.4M |
| Q4 2025 | $25.2M | -0.1% |
| Q3 2025 | $62.3M | +22% |
| Q2 2025 | $24.6M | -33% |
| Q1 2025 | -$54.1M | -197% |
| Q4 2024 | $25.2M | +105% |
CNXN's free cash flow was −$21M over the past year, against $58M the year before.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over CNXN on cash generation, producing positive trailing cash flow while its opponent burns cash.
CNXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +102K shares |
| 1 year | -0.2% | -48K shares |
| 3 years | -3.8% | -993K shares |
| 5 years | -3.5% | -927K shares |
| Available history | -4.1% | -1.1M shares |
CNXN has 25M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $2.5M |
| Q4 2025 | $10.7M |
| Q3 2025 | $5.1M |
| Q2 2025 | $16.7M |
| Q1 2025 | $43.7M |
| Q4 2024 | $4.6M |
CNXN spent $13M buying back its own shares over the past year, down 81% from the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over CNXN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
CNXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.1x | Net Cash |
| Q1 2024 | -1.3x | Net Cash |
| Q4 2023 | -1.3x | Net Cash |
CNXN has more cash than debt.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
CNXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.2 | Neutral |
| Stochastic | 33.1 | Neutral |
CNXN's weekly RSI is 54 (neutral) and its Stochastic is 33 (neutral).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
CNXN PE vs Technology Sector
| Metric | CNXN | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 26% below |
| PE % | 71 | 35 | 36 pts above |
CNXN has the edge over MSFT on valuation relative to its sector.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
CNXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $87.7 | 5.2% below |
| 20 week MA | $83.7 | 0.7% below |
| 50 week MA | $71.2 | 17% above |
| 100 week MA | $67.7 | 23% above |
| 200 week MA | $63.4 | 31% above |
CNXN has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 31% above its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over CNXN on trend strength, trading above more of its moving averages.
CNXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.0 | $44.3 | -13% |
| 2021 | $44.3 | $44.1 | -0.3% |
| 2022 | $44.1 | $47.7 | +8.1% |
| 2023 | $47.7 | $67.2 | +41% |
| 2024 | $67.2 | $69.5 | +3.4% |
| 2025 | $69.5 | $59.7 | -14% |
| 2026 YTD | $59.7 | $83.2 | +39% |
CNXN has the edge over MSFT on returns for 2026, with the stronger performance.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has finished higher in five of the last six years, two of them by more than 50%. It's up 7.2% so far in 2026.